Business Line of Credit

Services are provided by independent, licensed third-party providers. Corefield provides consultation and facilitation and is not a lender, insurer or broker.
Information on this website is general and is not financial, legal, tax or insurance advice. Approval for loans, mortgages and insurance, and all rates, terms, premiums and coverage, are set by lenders and insurers and may change. Please read your policy or lending agreement for full terms.

Business Line of Credit

Keep your business running smoothly when cash flow gets tight.

A line of credit gives you a limit to draw from when you need it, and you pay interest only on what you use.

Line of credit

How you receive funds: Draw as needed, up to your limit

Repayment: Flexible, depending on the lender

Best for: Ongoing or uneven costs

Interest: On the amount you use

Common ways businesses use it

• Paying suppliers while waiting for customers to pay invoices • Covering payroll in a slow month • Handling an unexpected repair or cost • Buying stock before a busy season

Worried about taking on debt?

A line of credit works best as a safety net, not a daily spending account. We help you think about the right limit for your business and explain the interest, fees and repayment rules before you commit.

How it works

1

Tell us how your cash flow moves through the year.

2

We explain what lenders will look at and what a sensible limit might be.

3

You choose whether to apply.

Credit is provided by independent, licensed third-party lenders introduced through Corefield. Corefield provides consultation and facilitation only.

Approval, limits, interest rates and fees are set by the lender and depend on your business. Corefield cannot guarantee approval.

Financial

Insurance

Company

• Paying suppliers while waiting for customers to pay invoices
• Covering payroll in a slow month
• Handling an unexpected repair or cost
• Buying stock before a busy season